Wednesday, August 12, 2015

On the Fact that (According to Barron's Chief Economist, Gene Epstein) the Average Tenure for a CEO at a Fortune 500 Company is Approximately Six Years Now (Down from Eight a Few Years Ago)

This one fact alone vaporizes Piketty's dumb book (which only libertarians have read, apparently); this assertion that since capital appreciates at a higher rate than wages economic Armageddon inevitably results - when in fact the window to make these mega-wages is exceedingly tiny.